India's Adani Group to invest over $88bn in Rajasthan, exec says

Half to be spent over 5 years, as chairman faces U.S. bribery charges

20241209 Adani windmill

A wind turbine at an Adani Green Energy facility: Adani Group plans to invest over $88 billion in renewable energy and other sectors over the next five years. © Reuters

(Reuters) -- Indian conglomerate Adani Group will invest over 7.5 trillion rupees ($88.5 billion) in various sectors such as renewable energy and cement in the northwestern state of Rajasthan, Karan Adani, managing director of Adani Ports, said on Monday.

Over 50% of these investments will be made over the next five years, Adani said, while speaking at an investment summit in the state.

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